With reference to PM CARES Fund consider the following statements The Supreme Court endorsed the PM ...........

Explanation:

The Supreme Court endorsed the PM CARES Fund as a “public charitable trust” to which donors contribute voluntarily.

• There is “no occasion” for the Comptroller and Auditor General (CAG) to audit a public charitable trust independent of budgetary support or government money.
• The court said that it is “not open” for a PIL petitioner to question the “wisdom” that created the fund in an hour of need.
• NGO Centre for Public Interest Litigation, represented by advocate Prashant Bhushan, had argued that the PM-CARES Fund was not subject to CAG audit. It was not under “public scrutiny”. Contributions to it were “100% tax-free”.
• The court dismissed the idea that the PM CARES was constituted to “circumvent” the National Disaster Response Fund (NDRF) — the statutory fund already in existence under the Disaster Management Act of 2005 to receive contributions to finance the fight against a calamity.
• The court refused to direct the transfer of funds from the PM CARES Fund to the NDRF. It said they were two separate entities.

Hence both statements are correct.